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Nov 22, 2018
11/18
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injapan, ithink the renault link was considered to bea the renault link was considered to be a benefit, it now may have passed its useful sort of life, so to speak. so there may be some people injapan thinking speak. so there may be some people in japan thinking that speak. so there may be some people injapan thinking that it may be a time to sort of realign that particular arrangement. but for now, it has to be status quo until at least things settle. but in terms of share prices, and so on, it is going to bea share prices, and so on, it is going to be a rocky period from now for quite sometime. thank you. let's go to the us now, where the nation prepares to celebrate thanksgiving and the start of the holiday shopping season. the strength of the us economy means consumers are expected to spend more this year. but with a big shift in how people shop, the retail business is scrambling to adapt, as michelle fleury reports from new york. a big show to get you to buy things — the holiday windows at fifth ave. to grab people's attention, retailers and malls are increasingly relying on exp
injapan, ithink the renault link was considered to bea the renault link was considered to be a benefit, it now may have passed its useful sort of life, so to speak. so there may be some people injapan thinking speak. so there may be some people in japan thinking that speak. so there may be some people injapan thinking that it may be a time to sort of realign that particular arrangement. but for now, it has to be status quo until at least things settle. but in terms of share prices, and so on,...
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Nov 20, 2018
11/18
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french carmaker renault set to make after the rift with carlos ghosn. the businessman being accused of financial misconduct. againfighting breaks out in the yemen city of the data, despite the saudi-led coalition of huthi rebels agreeing to a holding the offensive. removesays it will listings in the west bank. we look at the latest from our jerusalem correspondent. first, our top story. shockwaves are being felt in the auto industry after the arrest head of theosn, the world's biggest auto line bringing together renault, nissan, mitsubishi. authorities have rated the headquarters in tokyo. renault says the only making tuesday to decide what to do next. it is an alliance that hangs in the ballots. the world's largest in the auto industry. the partnership a renault, nissan, mitsubishi was run by carlos ghosn. says they in specie will be removing him as chairman. renault, which has a 15% share in the company says an interim leader needs to be nominated. ghosn remains in custody. >> he is no longer in position to run the group that we will not ask whether f
french carmaker renault set to make after the rift with carlos ghosn. the businessman being accused of financial misconduct. againfighting breaks out in the yemen city of the data, despite the saudi-led coalition of huthi rebels agreeing to a holding the offensive. removesays it will listings in the west bank. we look at the latest from our jerusalem correspondent. first, our top story. shockwaves are being felt in the auto industry after the arrest head of theosn, the world's biggest auto line...
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Nov 20, 2018
11/18
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CNBC
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ghosn who was a renault man. so there was already that huge tension within the group i think that's what was referred to when it was talked about which power was too concentrated in that one man. >> you mention that. we hear a lot about key man risks, especially following the death of sergio marchionne this summer what do you think this hole left by mr. ghosn's departure might mean for the companies and their shares >> it depends on who steps forward in terms of running the company and running the alliance itself the statement does suggest that will there be more shared responsibility in the future but there was always a question mark about what would happen when mr. ghosn left. i spoke to him last week, we discussed that point he was saying that obviously there was a humor factor behiand the alliance he said there are other people within the group who have that experience on both sides of the alliance, so the japanese and the french side of the alliance who could take over. the french finance minister had mentio
ghosn who was a renault man. so there was already that huge tension within the group i think that's what was referred to when it was talked about which power was too concentrated in that one man. >> you mention that. we hear a lot about key man risks, especially following the death of sergio marchionne this summer what do you think this hole left by mr. ghosn's departure might mean for the companies and their shares >> it depends on who steps forward in terms of running the company...
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Jan 25, 2019
01/19
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BBCNEWS
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is languishing injail waiting dismissed from renault was well. is languishing in jail waiting for trial and could be in custody for months. renault have decided they will no longer go for the sort of super chief executive body by mr ghosn. the new chief executive is a renault insider, the former chief operating officer and the chief executive on an interim basis in recent months. he will be joined by a pillar of the french business establishment who has worked at other major companies and is currently the chief executive at michelin. is perfect, particularly as far as the french government is concerned. he will have a job on his hand because it will also take charge of the alliance, the global car charge of the alliance, the global u charge of the alliance, the global cargroup in that charge of the alliance, the global car group in that includes renault, nissan and within that, feathers have been ruffled and it is a there. he will need to bring the companies together. they have strong links between them. three car companies that effectively act a
is languishing injail waiting dismissed from renault was well. is languishing in jail waiting for trial and could be in custody for months. renault have decided they will no longer go for the sort of super chief executive body by mr ghosn. the new chief executive is a renault insider, the former chief operating officer and the chief executive on an interim basis in recent months. he will be joined by a pillar of the french business establishment who has worked at other major companies and is...
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Jun 6, 2019
06/19
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CNBC
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shares of renault are the most heavily down because frankly if you're a shareholder in renault now you have to wonder if the french government with the 15% stake and 30% voting rights can torpedo any future of your company. now the french are -- the french government is saying they were looking to secure some comfort from japan's nissan. and that they were waiting to basically spend more time in japan. and secure the relationship with nissan that has been a complicated relationship and they're 40% owned by renault and they own a 15% stake in renault. so the french are saying we were trying to buy nissan time. people close to nissan said we're totally cool with this, so we have no idea what you're talking about. so really it seems like the french government just torpedoed what would have been a very, very interesting example of european consolidation at a time when europe is really trying to come together. >> arash, i read last night though that nissan was ticked off by the fact that the new ceo of renault apparently did not let nissan in on the talks they knew nothing about it only ema
shares of renault are the most heavily down because frankly if you're a shareholder in renault now you have to wonder if the french government with the 15% stake and 30% voting rights can torpedo any future of your company. now the french are -- the french government is saying they were looking to secure some comfort from japan's nissan. and that they were waiting to basically spend more time in japan. and secure the relationship with nissan that has been a complicated relationship and they're...
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Nov 19, 2018
11/18
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BLOOMBERG
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. >> in terms of structure, 43% is held by renault. the head of renault is concurrently serving as head of nissan and in terms of governance, this concentrates power on one individual. this is not the only cause but one of the factors. a committee will look closely at this issue as well. >> china accused the united states of ruining the atmosphere. israeli officials have criticized airbnb's decision to stop renting out homes in jewish settlements on the occupied west bank. the san francisco based company says it's removing about 200 home and room rentals in the region. critics have long accused airbnb of profiting from rentals in illegal jewish outposts. it says it knows some people will disagree and it appreciates their perspective. and pop superstar taylor swift has chosen vivendi's universal music for her hotly sought after new multi year contract. financial terms weren't included in the statement late monday but the company will share proceeds from the expected sales, equity, and spotify. the 10-time grammy winner said on instagram
. >> in terms of structure, 43% is held by renault. the head of renault is concurrently serving as head of nissan and in terms of governance, this concentrates power on one individual. this is not the only cause but one of the factors. a committee will look closely at this issue as well. >> china accused the united states of ruining the atmosphere. israeli officials have criticized airbnb's decision to stop renting out homes in jewish settlements on the occupied west bank. the san...
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Nov 20, 2018
11/18
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BLOOMBERG
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and then, he forges the alliance with renault and makes renault a global contender. stephen: but was it an in equitable partnership? renault and the french government had too much say? jesper: renault is a state owned enterprise. the french state owns the majority of the voting share. and nissan, which does all the engineering, and efficiency in the new product design, they getin this, so absolutely. stephen: was this an indictment on the western ceo in japan? was this a closing of the door? for thei think that time being, it's going to be a little bit of a closing of the door, and i think that, you know, corporate ceo pay in japan is going to come under even more scrutiny. stephen: and where does the alliance go from here? if there is a chance that this dissolves? jesper: there is a chance this results. i don't think it will because everyone is aware that there are too many car companies in the world, and further consolidation is required. a further splitting up would mean that each player is going to be confined to the dustbin of history. stephen: where does this g
and then, he forges the alliance with renault and makes renault a global contender. stephen: but was it an in equitable partnership? renault and the french government had too much say? jesper: renault is a state owned enterprise. the french state owns the majority of the voting share. and nissan, which does all the engineering, and efficiency in the new product design, they getin this, so absolutely. stephen: was this an indictment on the western ceo in japan? was this a closing of the door?...
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Jun 10, 2019
06/19
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CNBC
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renault up 2%. fiat chrysler 1/3 of a percent the closely watched u.s. surplus is $26.89 billion in may that's a number closely watched by mr. trump that's almost $6 billion higher than april you look at how the easing of u.s./mexico trade tensions seems to have helped some of these sectors, in particular mining, basic resources. some of these big minors that are performing incredibly strongly you can see 2 1/3 of a percent glen core trading 1.4% higher. steve mnuchin says president trump is ready to slap more tariffs on china if his suggestions with xi jinping do not resolve the outstanding differences between the two countries. my colleague nancy hungerford joins us from japan. nancy, this seems to have been the most significant line to have come out of these various conversations involving the g-20 finance ministers. >> reporter: yes, indeed i can tell you all of the finance ministers here meeting are very concerned about a escalation in the china/u.s. trade tensions that's why so much is riding on this next meeting between u.s. president trump and ch
renault up 2%. fiat chrysler 1/3 of a percent the closely watched u.s. surplus is $26.89 billion in may that's a number closely watched by mr. trump that's almost $6 billion higher than april you look at how the easing of u.s./mexico trade tensions seems to have helped some of these sectors, in particular mining, basic resources. some of these big minors that are performing incredibly strongly you can see 2 1/3 of a percent glen core trading 1.4% higher. steve mnuchin says president trump is...
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Apr 22, 2022
04/22
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BLOOMBERG
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the renault chairman says the alliance is totally unbreakable. do you see this news reporting today, is this the first part of breaking up the alliance? is that inevitable? carlos: the difference between a ceo of a company and any other person responsible is that the ceo of the company can measure promises. we heard a lot of promises from the management of renault. unfortunately, nothing was delivered. we heard they would be concentrated on profit. they had no growth and no profit. that means all of this is a kind of, you know, verbal statements that are not backed by fact. saying that the alliance is unbreakable is easy to say. showing it is different. the main thing, why do you want to have an alliance if you are not making it work to the benefit of each company? the benefits are not showing, either in the bottom line of renault or nissan, or even worse, and the bottom line of others. kailey: one of the factors at play, if they would sell a state, they could raise billions of dollars that they could reinvest back into the transition to electric
the renault chairman says the alliance is totally unbreakable. do you see this news reporting today, is this the first part of breaking up the alliance? is that inevitable? carlos: the difference between a ceo of a company and any other person responsible is that the ceo of the company can measure promises. we heard a lot of promises from the management of renault. unfortunately, nothing was delivered. we heard they would be concentrated on profit. they had no growth and no profit. that means...
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Jul 26, 2019
07/19
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CNBC
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and i think this creates probably some uncertainties at all levels of renault. this is what i could imagine what i've heard from mr. bollore a couple minutes ago, what i could read today, this sounds quite okay i think renault is not in great shape. the markets don't help at the moment there's no real product story except one or two electric cars. but other than that, i think it's not -- as i said, it's not as bad as one could fear >> sir, i'm actually the lady who spoke to mr. bollore earlier, i thought it was interesting how positive he was on the outlook on china, particularly because they're starting from a small base and they are rolling out so many electric cars there. do you share that optimism that renault can become a serious player in china on the electric vehicle front? >> i think in the short and medium term, yes my impression is that renault reacted quickly to the changes in the chinese market that people go quickly to electric cars, small electric cars. and renault seems to have reacted there quite well also i think the chinese market just for stat
and i think this creates probably some uncertainties at all levels of renault. this is what i could imagine what i've heard from mr. bollore a couple minutes ago, what i could read today, this sounds quite okay i think renault is not in great shape. the markets don't help at the moment there's no real product story except one or two electric cars. but other than that, i think it's not -- as i said, it's not as bad as one could fear >> sir, i'm actually the lady who spoke to mr. bollore...
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May 28, 2019
05/19
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BBCNEWS
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renault gets one and mitsubishi gets one. so you can see how their influence at the higher levels of this echelon would be diminished, and it is hard to say what options they really have to increase their influence, or what this means for interference with their own management. breaking down their own management. breaking down the potential merger between renault and fear chrysler, in your view, will it succeed or will it eventually take the same road as the previous merger which was a failure? well, it's hard to say, the chrysler merger was deemed a failure yet the fear chrysler merger was deemed a success. fear has a history of making these kinds of mergers work, they think they can do it again, yet we have seen some of the complications that can come from even a successful merger, like renault and nissan, renault and nissan are having trouble making a merger work after 20 years, and adding a new piece to that puzzle just complicates the entire scenario. in other business news making headlines, alibaba is reportedly weighin
renault gets one and mitsubishi gets one. so you can see how their influence at the higher levels of this echelon would be diminished, and it is hard to say what options they really have to increase their influence, or what this means for interference with their own management. breaking down their own management. breaking down the potential merger between renault and fear chrysler, in your view, will it succeed or will it eventually take the same road as the previous merger which was a failure?...
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2.0
May 16, 2022
05/22
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RUSSIA24
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renault plus lada basically. this is lada, of course, for jealous russia - this is the second bypass point in europe and for them. uh, leaving russia is a big loss. this is a big pain in parallel, in order to support the russian car market in the face of sanctions and preserve jobs , the deferral of payment of the recycling fee was extended to all holders of special investment contracts. previously, it was provided only by the main concern with a staff of more than 5,000 people. we have already postponed the payment of the recycling fee for the largest russian automakers to december, thereby freeing up significant resources for replenishment of working capital for the smooth operation of conveyors, the government will expand the availability of this service. other companies that have a special investment contract with the state will also be able to take advantage of these opportunities, including foreign investors who have built their factories in russia, so this decision will further support the employment of pe
renault plus lada basically. this is lada, of course, for jealous russia - this is the second bypass point in europe and for them. uh, leaving russia is a big loss. this is a big pain in parallel, in order to support the russian car market in the face of sanctions and preserve jobs , the deferral of payment of the recycling fee was extended to all holders of special investment contracts. previously, it was provided only by the main concern with a staff of more than 5,000 people. we have already...
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Nov 22, 2018
11/18
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LINKTV
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we know that nissan makes around 60% more cars than does renault, but renault holds 43% of control in nissan. it means renault is the stronger controlling partner despite being in a weaker position. there's also questions about japanese corporate governance at stake here. japan has been through a kind of larger reform of corporate governance the last few years. perhaps this is an example of some of these anxieties being expressed through this particular tussle. >> obviously, a lot of national interest at stake. where would this alliance be, or would this alliance be where it is today without him considering these complications? >> he was the linchpin of this alliance. he would spend his average month one week in france, one in japan, then two weeks anywhere in between, so he was clearly trying to bring together a global alliance. with him removed, it is like removing the linchpin which holds these companies together, which then brings many analysts to question if they are going to move towards closer integration, which some analysts were speculating there was a merger in the cards, or
we know that nissan makes around 60% more cars than does renault, but renault holds 43% of control in nissan. it means renault is the stronger controlling partner despite being in a weaker position. there's also questions about japanese corporate governance at stake here. japan has been through a kind of larger reform of corporate governance the last few years. perhaps this is an example of some of these anxieties being expressed through this particular tussle. >> obviously, a lot of...
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Jan 24, 2019
01/19
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BBCNEWS
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renault are tasked with try to soothe relations between renault and nissan. renault used to be the junior partner but it sells more cars. yes, i think it has been difficult in the way the ownership has been set up. they bring different models to the partnership and geographic exposure. that's been behind the success with the alliance. it is difficult but they also now they need to keep going. there is talk of the alliance becoming a merger. where is the truth lie? we think this company is going to go next? we believe the alliance, if they can keep it together, should stay together because of the success they've had in keeping the business going. if anything, with the challenges facing the industry, particularly this year, it would help to have the alliance. we are going to see more partnerships of anything industry. if they can keep it together, that would be stronger than them. i want to ask about that because now seems the time the car companies to look at alliances and allegiances. times are tough out there. talking through what the car industry is going t
renault are tasked with try to soothe relations between renault and nissan. renault used to be the junior partner but it sells more cars. yes, i think it has been difficult in the way the ownership has been set up. they bring different models to the partnership and geographic exposure. that's been behind the success with the alliance. it is difficult but they also now they need to keep going. there is talk of the alliance becoming a merger. where is the truth lie? we think this company is going...
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Jan 18, 2019
01/19
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BBCNEWS
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renault and the car with renault and the car manufacturer confirmed it is considering plans to replace the chairman and ceo carlos ghosn with a board meeting this weekend. the announcement came one day after the french finance minister called for a change in the leadership. the statement comes in the wake of a tokyo court's statement comes in the wake of a tokyo cou rt‘s refusal to statement comes in the wake of a tokyo court's refusal to release mr carlos ghosn on bail as he awaits trial in japan on carlos ghosn on bail as he awaits trial injapan on financial misconduct charges that he denies. analyst janet lewis told us why renault is likely to oust the boss. the fact that he has been unable to fulfil his role as ceo and chairman of renault leaves them with really no choice if they want to have the continuity of management and have a tea m continuity of management and have a team that can work with the team at nissan on the alliance. he may be replaced during a board meeting but will renault stick with the line that the investigation found no wrongdoing, or will they admit they fou
renault and the car with renault and the car manufacturer confirmed it is considering plans to replace the chairman and ceo carlos ghosn with a board meeting this weekend. the announcement came one day after the french finance minister called for a change in the leadership. the statement comes in the wake of a tokyo court's statement comes in the wake of a tokyo cou rt‘s refusal to statement comes in the wake of a tokyo court's refusal to release mr carlos ghosn on bail as he awaits trial in...
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May 14, 2019
05/19
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BLOOMBERG
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it's still nissan against renault, renault against nissan. mitsubishi continues to have a partnership with nissan, seems very strong in southeast asia where nissan is very weak and southeast asia is the only area that mitsubishi would be able to nonstrait its strength strength. but again, mitsubishi's main partner continues to be nissan between 's not so much renault. ishaad: thank you. coming up, we're looking at indian inflation inching up for a third straight month in april. yvonne: why it's not likely to worry policymakers. this is bloomberg. ♪ >> a quick check of the latest headlines, boeing the lowest in four months. the editor of an influential chinese tabloid tweeted the plane's -- the company's planes sales could be hurt. he later told bloomberg his tweet was an opinion, not an official statement. apple slumps as the supreme court gave consumers the green light to go ahead with a lawsuit about whether apple inflated prices at the app store. it could force aple to cut the 30% commission it charges. apple said the app store is not a
it's still nissan against renault, renault against nissan. mitsubishi continues to have a partnership with nissan, seems very strong in southeast asia where nissan is very weak and southeast asia is the only area that mitsubishi would be able to nonstrait its strength strength. but again, mitsubishi's main partner continues to be nissan between 's not so much renault. ishaad: thank you. coming up, we're looking at indian inflation inching up for a third straight month in april. yvonne: why it's...
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68
Nov 21, 2018
11/18
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CNBC
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the renault story. renault is a stock, if i told you it's trading four times forward pe, you would say there must be value somewhere. if you times it by three and then some you wouldn't get to the average valuation of the cac 40 autos coming off an incredibly low base >>> brussels is set to respond to italy's resubmitted budget. the european commission is expected to declare rome is in breach of eu rules when it publishes its report at 12:00 p.m. central european time, taking the first step towards disciplinary action against the eurozone's third largest economy. italy refused to cut its 2019 deficit but a newspaper reports that mateo salvini may be open to budget revisions. this is the man who famously said the first things he looks at in the mornings is the italian spreads over bunds we are trading at 3.53% on the italian ten-year paper going out to 30 years, 40.077. let's get to silvia who is in brussels cryptic, opaque, ambiguous what does mateo salvini mean when he says he may be open to compromise
the renault story. renault is a stock, if i told you it's trading four times forward pe, you would say there must be value somewhere. if you times it by three and then some you wouldn't get to the average valuation of the cac 40 autos coming off an incredibly low base >>> brussels is set to respond to italy's resubmitted budget. the european commission is expected to declare rome is in breach of eu rules when it publishes its report at 12:00 p.m. central european time, taking the first...
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0.0
Apr 20, 2023
04/23
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CNBC
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all eyes on renault. we will talk about that in a moment and ftse mib following the negative performance yesterday after the strong inflation print and taking cue from the weakness we had in commodity overnight. in terms of sectors, up at the top, real estate for a range up .40%. banks with a spot of green up .30%. bank kifter came out with net profit that set the tone for that sector insurance is relatively well autos at the bottom. down .30%. sorry, down 3 points some of the names in europe with vw and renault at the bottom of the stoxx 600. basic resources down 1.3% as well a lot of the high beat names are coming under pressure. we had a bunch of companies come out with earnings. let's bring you the big names. this is the breakdown. i mentioned renault down 6.5%. l'oreal with a spot of green we will talk more about that volvo down 2%. you see the names in fact basket are under pressure tesla decreased in margin -- other way around they want to gain at the expense of margins that set the tone. deliverie
all eyes on renault. we will talk about that in a moment and ftse mib following the negative performance yesterday after the strong inflation print and taking cue from the weakness we had in commodity overnight. in terms of sectors, up at the top, real estate for a range up .40%. banks with a spot of green up .30%. bank kifter came out with net profit that set the tone for that sector insurance is relatively well autos at the bottom. down .30%. sorry, down 3 points some of the names in europe...
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124
Nov 19, 2009
11/09
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WMPT
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renault owned more than 40% of nissan, now nissan owns 15% of renault. and we kept things separate. my basic... i don't believe in two... into going to another partner in a way where one feels threatened by this approach. 23 f the threat is here, it's not going to work. it has to be based on mutual consent, on rational approach that, yes, we can do together much more and much faster than each one alone. >> rose: okay, so... >> let me give you the example of the electric car. the electric car... we would not have been able to launch a an electric far nissan was alone or renault was alone. we combined our efforts and put together research and development and a lot of technology that we are capable now to bring full electric cars for renault and full electric cars for nissan. completely different but with the same technology. no... i mean, we invested... >> rose: competing in the same markets? >> no, because... >> rose: renault is europe... >> exactly. nissan is launching the cars mainly in japan and in the united states and going out to asia while renault is concentrating in europe. >
renault owned more than 40% of nissan, now nissan owns 15% of renault. and we kept things separate. my basic... i don't believe in two... into going to another partner in a way where one feels threatened by this approach. 23 f the threat is here, it's not going to work. it has to be based on mutual consent, on rational approach that, yes, we can do together much more and much faster than each one alone. >> rose: okay, so... >> let me give you the example of the electric car. the...
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53
Mar 13, 2019
03/19
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BBCNEWS
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, and mitsubishi, plus the chairman of renault. this was, again, portrayed today as a body that will allow for faster efficient decision—making that will allow this alliance to compete more quickly, more efficiently with the other big car companies around the world. but it has to be said, this new structure is more cumbersome than the one it replaces. and it is hard to see how that it doesn't contradict with the idea of speed and efficiency. rupert wingfield hayes in yokohama, japan. the country is known as a world leader in robotics, but not only are they greeting guests at hotels or seven feet are restaurants, they are also transforming the medical industry. as part of our leading cities series, mariko oi visits a very special operating theatre. is this the future of surgery? this smart cyber operating theatre connects medical devices together and consolidates the information in real—time, helping surgeons make critical decisions. japan is already a world leader in robotics. the industry is currently worth $5 billion. at this
, and mitsubishi, plus the chairman of renault. this was, again, portrayed today as a body that will allow for faster efficient decision—making that will allow this alliance to compete more quickly, more efficiently with the other big car companies around the world. but it has to be said, this new structure is more cumbersome than the one it replaces. and it is hard to see how that it doesn't contradict with the idea of speed and efficiency. rupert wingfield hayes in yokohama, japan. the...
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49
Jan 13, 2017
01/17
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BLOOMBERG
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eye 49
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the difference between fiat and renault is that renault does not sell cars in the u.s. nissan sellsmpany cars in the u.s. ,emember the french government the environment minister, is especially sensitive to the pollution question in general. the cap-21, and france faced the worst pollution last month. have a look at european stocks now. recorde continues its setting advance. 40 consecutive days of gains. 12 of those has seen record highs, which is itself a record. stocks rebounding. the stoxx 600 up 7/10 of 1%. we want to show the currency board. brimming with great stats. the euro is rising for the fourth consecutive week against the dollar. best run since 2014. the power of the bloomberg. let's finish up with what is happening in the bond market. stocks rising. currencies rising. bond yields rising. there is less of a flight to safety today. in the u.k.,ield germany, spain, and italy. "close" is next. this is bloomberg. ♪ mark: 11:00 a.m. in new york. midnight in hong kong. 30 minutes left in the trading day today. i am mark artan. vonnie: i am vonnie quinn. this is
the difference between fiat and renault is that renault does not sell cars in the u.s. nissan sellsmpany cars in the u.s. ,emember the french government the environment minister, is especially sensitive to the pollution question in general. the cap-21, and france faced the worst pollution last month. have a look at european stocks now. recorde continues its setting advance. 40 consecutive days of gains. 12 of those has seen record highs, which is itself a record. stocks rebounding. the stoxx...
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Nov 19, 2018
11/18
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renault -- nissan was the goal before, where does that leave renault? the first question is will ghosn resign as the ceo of renault? the company was kept in the dark about the investigation. the big question is this. the next question is who will lead the alliance? ghosn is the first architect. he turned around nissan and renault. he was the ceo of both companies and was backed by the japanese in the french governments. over the long run, they'll be the question of who can head this alliance beast. this is a question we do not know the answer. alix: you said renault had remained silent. carlos ghosn is in japan, arrested. regardless of what his title is, his ability to function will be crippled. from a culture point of view, is there anyone who can take the reins of renault in france that can also help the company along, particularly in a potential merger with nissan? ania: as it is today, we know that ghosn appointed a number two earlier this year. he is chief operating officer. he has most likely to take the helmet ghosn has to step down in france. we
renault -- nissan was the goal before, where does that leave renault? the first question is will ghosn resign as the ceo of renault? the company was kept in the dark about the investigation. the big question is this. the next question is who will lead the alliance? ghosn is the first architect. he turned around nissan and renault. he was the ceo of both companies and was backed by the japanese in the french governments. over the long run, they'll be the question of who can head this alliance...
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in the early one nine hundred sixty see europe was experiencing a baby boom renault boss p.r. drive was. responded with the development of a radically new interior design for a midsize car. a misleading car just a kristoff power recalls what dr has announced to his team you've got to see things in a new light a car cannot always consist of four seat selfhood in a trunk we've got to see it as a single space but the result was the one thousand nine hundred sixty one renault are for a revolutionary and innovative compact car and in one nine hundred sixty five renault launched the our sixteen a mid-size family car with a hatchback a large trunk lid and flexible interior and tina fey to defy me to clutch it. during the design process the engineers had almost total freedom the only requirement was a front wheel drive and just four years the newly established design department progressed from a prototype to a production model are sixteen and build a new production facility is underway. in france. yes the port of crystal says when they are sixteen was launched the media were impressed
in the early one nine hundred sixty see europe was experiencing a baby boom renault boss p.r. drive was. responded with the development of a radically new interior design for a midsize car. a misleading car just a kristoff power recalls what dr has announced to his team you've got to see things in a new light a car cannot always consist of four seat selfhood in a trunk we've got to see it as a single space but the result was the one thousand nine hundred sixty one renault are for a...
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Apr 8, 2019
04/19
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BBCNEWS
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a powerfulfigure remains directors with the ceo of renault. a powerful figure remains on the directors with the ceo of renault. a powerfulfigure remains on the board here but ghosn has gone. the interesting thing is that not only is how it's playing out in terms of business but also in terms of politics. there is a lot of politics surrounding the whole case not adjusted the criminal case against mrghosn adjusted the criminal case against mr ghosn that the relationship tween tab on mike and nissan. behind all of the criminal case there is the struggle, if you like, we're not seeing it in the open but there is a quiet tussle or tug—of—war for control of who's going to run nissan in the future. mr ghosn very much dominated control of nissan for 20 yea rs. dominated control of nissan for 20 years. it's very clear from people talking of the record that was presented inside temp —— nissan. that's not to get rid of him. there isa that's not to get rid of him. there is a desire by people inside nissan to see more control seated from the french
a powerfulfigure remains directors with the ceo of renault. a powerful figure remains on the directors with the ceo of renault. a powerfulfigure remains on the board here but ghosn has gone. the interesting thing is that not only is how it's playing out in terms of business but also in terms of politics. there is a lot of politics surrounding the whole case not adjusted the criminal case against mrghosn adjusted the criminal case against mr ghosn that the relationship tween tab on mike and...
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Jan 30, 2023
01/23
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this is after renault and nissan confirmed to restructure with renault reducing stake in nissan to 15% from 43%. we are seeing a little bit of at the stock has done well. let's get to charlotte charlotte has been monitoring these for the last couple months we finally have a resolution it appears to put both carmakers on equal footing >> reporter: absolutely, joumanna this new alliance, as you said, has been discussing since october. they were carrying trustful discussions with the two partners it is a 20-year old alliance there has been friction and issues one of the sticking points with nissan and renault is the shareholder structure. renault owned 43% of nissan and they had no voting rights. there is tension with the two partners this is another issue with the equal share holding of 15% within each other with voting rights renault will transfer 28.4% of the rest of nissan into the french trust and they can sell that stake further down the line if they want when it is commercially viable that will free up issues for renault. they have announced recently the ev unit and potentially lis
this is after renault and nissan confirmed to restructure with renault reducing stake in nissan to 15% from 43%. we are seeing a little bit of at the stock has done well. let's get to charlotte charlotte has been monitoring these for the last couple months we finally have a resolution it appears to put both carmakers on equal footing >> reporter: absolutely, joumanna this new alliance, as you said, has been discussing since october. they were carrying trustful discussions with the two...
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May 27, 2019
05/19
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fiat-chrysler proposes a tie up with renault. the deal would create the world's third biggest carmaker. and huawei's billionaire founder stands --
fiat-chrysler proposes a tie up with renault. the deal would create the world's third biggest carmaker. and huawei's billionaire founder stands --
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Nov 20, 2018
11/18
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BLOOMBERG
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quite a bit of sway renault. switching the pages here. if you are catching up and following at home, carlos ghosn was detained last night. nissan renault. confirmed on suspicion of breaching japanese financial laws. we had to eight news reporting he may have understated his income by $44 million u.s., and nhk saying he spent several billion yen on multiple homes. -- nissan spent several billion yen on multiple homes for carlos ghosn. this cannot be tolerated by the company and is sufficient grounds for his dismissal. that is where we will get this board meeting in yokohama, the headquarters thursday. he along with another board director could be ousted. david: what else is next? stephen: renault is the other side of this three sided coin. they will have a board meeting later today through -- tuesday in france and discuss it. mitsubishi also is out the same day and will investigate and decide. we heard from the ceo that they are not necessarily going to take any action. this is something that will lay out for quit
quite a bit of sway renault. switching the pages here. if you are catching up and following at home, carlos ghosn was detained last night. nissan renault. confirmed on suspicion of breaching japanese financial laws. we had to eight news reporting he may have understated his income by $44 million u.s., and nhk saying he spent several billion yen on multiple homes. -- nissan spent several billion yen on multiple homes for carlos ghosn. this cannot be tolerated by the company and is sufficient...
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Feb 6, 2023
02/23
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we have breaking news out of renault and nissan. craig trudell had a terrific briefing on what this means going forward, they signed a deal aimed at easing long-standing tensions between the companies. this should allow them to move forward at a time of unparalleled challenges for the automotive industry. interesting to see that presentation in london may be on neutral ground, and tom mackenzie will speak to the chief executives of both in an exclusive interview. don't miss it. it is at 10:15 a.m. london time. this is bloomberg. ♪ >> if we see a moderate rebound of chinese economy, we expect this year about half of the growth in global oil demand will come from china only. this is moderate, but some financial institutions say the chinese rebound will be much stronger than expected, this will put higher upward pressure on the demand side. francine: the iea executive director speaking to bloomberg on the demand for oil and natural gas. we need to correct breaking news earlier, adani founders will repay this $1.1 billion share backed
we have breaking news out of renault and nissan. craig trudell had a terrific briefing on what this means going forward, they signed a deal aimed at easing long-standing tensions between the companies. this should allow them to move forward at a time of unparalleled challenges for the automotive industry. interesting to see that presentation in london may be on neutral ground, and tom mackenzie will speak to the chief executives of both in an exclusive interview. don't miss it. it is at 10:15...
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May 16, 2022
05/22
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RUSSIA1
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factories in togliatti izhevsk and it is possible that the popular renault duster crossover will now be produced under the lada brand about which models will go on sale and where they will be serviced their irina those who have already bought a car in alexei konakov's report the transfer of a renault share to russia will actually save at least 45,000 jobs, given that the auto industry is a whole industry of interconnected industries, but if the authorities have decided on the fate of avtovaz's share at the end of april, then the future of renault's metropolitan capacity was vague for today. i decided to take the plant to the balance of the city and resume the production of cars under the historical brand. moskvich we will try to keep most of the staff directly working at the plant and at its subcontractors, renault called the closure of its plants forced, explaining it by difficulties with the supply of spare parts on march 23. then, they didn’t begin to provide clear reasons for the suspension of work, in general, it happened. it happened on the day of zelensky’s speech in the f
factories in togliatti izhevsk and it is possible that the popular renault duster crossover will now be produced under the lada brand about which models will go on sale and where they will be serviced their irina those who have already bought a car in alexei konakov's report the transfer of a renault share to russia will actually save at least 45,000 jobs, given that the auto industry is a whole industry of interconnected industries, but if the authorities have decided on the fate of avtovaz's...
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Jun 12, 2019
06/19
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BBCNEWS
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there's a lot going on for renault. of course, with renault, a lot of the stems from those issues at nissan. and the breakdown in trust oi’ nissan. and the breakdown in trust orjust happened nissan. and the breakdown in trust or just happened between nissan. and the breakdown in trust orjust happened between nissan and renault on the back of that. this is before fiat chrysler comes in. listen have been looking to change a lot of the way they work because a lot of the way they work because a lot of the way they work because a lot of investigation is going into what happened with the chairman, means nissan wants to clean the act up means nissan wants to clean the act upa means nissan wants to clean the act up a little bit. that has been blocked by renault which a lot of people question the matter of saying has been pushed by the french government, the french covenant has a 15% stake in renault. without going on one side and the argument between sn and renault over that reform within the company, there has been the emerg
there's a lot going on for renault. of course, with renault, a lot of the stems from those issues at nissan. and the breakdown in trust oi’ nissan. and the breakdown in trust orjust happened nissan. and the breakdown in trust or just happened between nissan. and the breakdown in trust orjust happened between nissan and renault on the back of that. this is before fiat chrysler comes in. listen have been looking to change a lot of the way they work because a lot of the way they work because a...
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Feb 14, 2019
02/19
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BLOOMBERG
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for renault. latest, taylor riggs. taylor: wanting to start with renault. shares are still higher after revenue and profit fell. applauding the guidance -- the relationship is cordial. the financial results are taking a backseat to see if the nissan-renault marriage continues. shares of yelp rising. top line growth of 8-10%, looking at the midteens in the next few years, introducing three new directors to the board. centurylink, shares off 10% after analysts saying the dividend cut to one dollar is tough but necessary. a lot of growth concerns remain about the company.
for renault. latest, taylor riggs. taylor: wanting to start with renault. shares are still higher after revenue and profit fell. applauding the guidance -- the relationship is cordial. the financial results are taking a backseat to see if the nissan-renault marriage continues. shares of yelp rising. top line growth of 8-10%, looking at the midteens in the next few years, introducing three new directors to the board. centurylink, shares off 10% after analysts saying the dividend cut to one...
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Nov 23, 2018
11/18
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CNBC
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renault stepped in to save it. carlos ghosn was brought in as a foreigner to do what no japanese ceo could do, that is to cut ties within then industrial conglomerate, to lay off people. he did a great job of turning around that company. fast forward to today, 19 years on, nissan regained strength, there's been issues of fuel economy figures, but nonetheless, it's a stronger company. now you have two companies that are of roughly equal size and strength so there may be a feeling that nissan is not in need of being taken over but can stand on its two feet that's the power struggle we're seeing >> i want to pick up on the other point, you mentioned about the manner in which the japanese pursued their investigation and they've made this a public event. in terms of internal investigations, typically these are done to try to protect their leaders. what do you make of the fact they used this internal investigation to confirm the allegations and did so in such a public way >> you're right. it's very unlikely with hindsigh
renault stepped in to save it. carlos ghosn was brought in as a foreigner to do what no japanese ceo could do, that is to cut ties within then industrial conglomerate, to lay off people. he did a great job of turning around that company. fast forward to today, 19 years on, nissan regained strength, there's been issues of fuel economy figures, but nonetheless, it's a stronger company. now you have two companies that are of roughly equal size and strength so there may be a feeling that nissan is...
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Feb 6, 2023
02/23
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renault and nissan announced deals of a partnership or stake in one another with the renault now reducing stake to 15%. they will invest in the electric vehicle unit reinvigorating that alliance is what we talked about in last couple months. the ftse 100 is down .10% today as well. in terms of sectors, this is the breakdown. every sector in the red. on the down side, technology down 1.88% although we had a good week last week, you have to think some of the geopolitical concerns are weighing with the likes of chip makers in the basket that basket down 1.8%. clearly an inverse relationship with interest rates and what is happening there. retail is also lagging today down 1.4%. adidas is at the bottom of the basket arabile. >>> the u.s. military is working to recover the remnants of the suspected chinese surveillance balloon it shot down over the weekend. the u.s. fighter jet fired on it over the atlantic off south carolina the balloon put a further strain between the united states and china with the cancellation of the visit from secretary of state antony blinken the president said he took
renault and nissan announced deals of a partnership or stake in one another with the renault now reducing stake to 15%. they will invest in the electric vehicle unit reinvigorating that alliance is what we talked about in last couple months. the ftse 100 is down .10% today as well. in terms of sectors, this is the breakdown. every sector in the red. on the down side, technology down 1.88% although we had a good week last week, you have to think some of the geopolitical concerns are weighing...
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Apr 7, 2010
04/10
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CNBC
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>> well, look, this is about renault and nissan. we took practically all the areas which are decided like corporation on the next smart, all the exchange of power train one way or the other. we took every single project, we put in front of each project what are the benefits, cost avoidance, cost reduction, investments, elimination, additional revenue, and then we estimate this to $2 billion euro in five years on that present value. we think this is a reasonable number because there are a lot of projects where we put no estimates, even though we think the benefits are going to be big like cross manufacturing in some, you know, in the united states or in future emerging markets. we obviously didn't decide them, but we think it's going to make a lot of sense that we do a lot of things together. >> this is being called a strategic cooperation. other alliances historically has not worked well. this is obviously on a smaller scale. detroit is closely watching this. what is going to make this alliance or strategic cooperation or whatever y
>> well, look, this is about renault and nissan. we took practically all the areas which are decided like corporation on the next smart, all the exchange of power train one way or the other. we took every single project, we put in front of each project what are the benefits, cost avoidance, cost reduction, investments, elimination, additional revenue, and then we estimate this to $2 billion euro in five years on that present value. we think this is a reasonable number because there are a...
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May 16, 2022
05/22
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RUSSIA24
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renault has the option to buy back its stake in avtovaz renault has reached an agreement to retain the entire range of avtovaz vehicles with the possibility of product development and development of new products in accordance with plans that e. avtovaz already existed. i think that in the near future, and the new management of avtovaz which will replace the french management will present a new strategy for the development of avtovaz, taking into account the existing agreements, renault announced shutdowns in russia at the end of march, the french brand estimates the value of its assets in our country at more than 2 billion euros according to the results of the 21st century, the company retained fourth place in terms of the number of cars sold, second only to avtovaz, as well as south korean kia and hyundai, last year the french brand sold 131.5 and 1,000 cars in russia, retaining about 8% of the market, and together with avtovaz, its share reached almost thirty percent. the decision to sell the french brand called the difficult new necessary, according to the ceo. luca de meow's renaul
renault has the option to buy back its stake in avtovaz renault has reached an agreement to retain the entire range of avtovaz vehicles with the possibility of product development and development of new products in accordance with plans that e. avtovaz already existed. i think that in the near future, and the new management of avtovaz which will replace the french management will present a new strategy for the development of avtovaz, taking into account the existing agreements, renault...
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Nov 20, 2018
11/18
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BBCNEWS
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as you can see, renault own 42% of nissan, whereas nissan is holding 15% of renault, but also the more recent acquisition for nissan is it holds a 34% stake in mitsubishi. his sudden departure has also highlighted the complicated structure of this company. the french government owns a 15% stake in renault. french president emmanuel macron has said the state will be "extremely vigilant" about the stability of renault and its alliance with nissan. but we must point out that so far, on the part of mr ghosn himself, he has not commented on any of these allegations. he's known for his ferocious work ethic and charismatic leadership style. but as our correspondent was saying earlier in our talk in tokyo, he has been under investigation and arrest since he was arrested yesterday, which is possibly why he has not had the chance to respond to these allegations. let's get more on this now. professor seijiro takeshita at the graduate school of management and information of innovation at the university of shizuoka. thank you forjoining us, a regular on the programme. give us your reaction to this
as you can see, renault own 42% of nissan, whereas nissan is holding 15% of renault, but also the more recent acquisition for nissan is it holds a 34% stake in mitsubishi. his sudden departure has also highlighted the complicated structure of this company. the french government owns a 15% stake in renault. french president emmanuel macron has said the state will be "extremely vigilant" about the stability of renault and its alliance with nissan. but we must point out that so far, on...
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Oct 10, 2022
10/22
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CNBC
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renault is keen on it and it is positive for renault because it would free up almost 4 billion euro to invest further in the ev strategy there is the question of the french government. it is the main shareholder which owns 15% stake and it has caused problems in the past renault was looking at fiat and the french government would want that to happen fiat moved on with peugot. we don't know if the french government is standing with that issue. and the other issue is the combustion engine. renault is looking at gv and with china and they are not keen on this happening because there would be sharing of technology that they are not keen on. that is why these talks are not confirmed. the group said apparently they want to have a solution by the market on november 8th that is when the new structure is announced the industry is going and we will see the merger or tieups with the carmakers to have the funds and investment for electric vehicle and they need to show further leverage of the alliance that they have not used the change of structure could happen and the market is looking at this pos
renault is keen on it and it is positive for renault because it would free up almost 4 billion euro to invest further in the ev strategy there is the question of the french government. it is the main shareholder which owns 15% stake and it has caused problems in the past renault was looking at fiat and the french government would want that to happen fiat moved on with peugot. we don't know if the french government is standing with that issue. and the other issue is the combustion engine....
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by nine hundred seventy two seven years later renault had sold over one million are sixteenths. renault kept producing the car until one thousand eight hundred continually developing new versions including a luxury t.x. model with around seventy kilowatts electric windows and five speed manual transmission. as open minds the first time says the are sixteen has the unique design of the two box design is a particular feature that it broke with a conventional design at the time where vehicles were divided into three boxes and vientiane in front of the passenger compartment and the trunk and back in contrast they are sixteen fused the passenger in trunk space allowing for a flexible interior with up to seven different variations and that's a smith i had to stop in order to become to flexible to take this in the alps this took zebra vance on smokers' cut isn't that it. was that there's the normal position for when you're just driving tolls and the position for transporting large items to the back seat can be folded away entirely. then there's was this the only one way to relax and sp
by nine hundred seventy two seven years later renault had sold over one million are sixteenths. renault kept producing the car until one thousand eight hundred continually developing new versions including a luxury t.x. model with around seventy kilowatts electric windows and five speed manual transmission. as open minds the first time says the are sixteen has the unique design of the two box design is a particular feature that it broke with a conventional design at the time where vehicles were...
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Nov 19, 2009
11/09
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WETA
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carlos ghosn, renault, nissan. back in a moment stay with us. >> rose:nix las christof and cheryl wudunnre here, they beme the first marriedcouple to win a pulitzer ize in journalism for their coverage in china as "new yo times" correspondents, togetherhey have wrien a ok called "half the y, turning opession into opportunity for men worldwide." i am pased to have them both at this table. welcome. >> thank you. >>ose: thank you for comg. to read your column and certainly to see ihere iso know somehow tt you got on this story. when did it start? >>t started when we were vering tianamen square, in fact, and there are hundreds of people who we killed there, it was ont page news. t then we rlized the next year, we came across a study indicating thaevery year 3 chinese baby girls were dying because they didt have the same access to food and hlth ca asoys. every year 39,000. and we had ner given that column inch. so that opened our eyes to the possility of human righ ace abuses on a much largercale that we weren covering
carlos ghosn, renault, nissan. back in a moment stay with us. >> rose:nix las christof and cheryl wudunnre here, they beme the first marriedcouple to win a pulitzer ize in journalism for their coverage in china as "new yo times" correspondents, togetherhey have wrien a ok called "half the y, turning opession into opportunity for men worldwide." i am pased to have them both at this table. welcome. >> thank you. >>ose: thank you for comg. to read your column...
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Jan 24, 2019
01/19
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BBCNEWS
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but at the same time you have the french and renault wanting to ta ke have the french and renault wanting to take over, to merge and take full advantage of the scale of economies that they can in a time in the car industry from everyone is investing heavily and looking to electrification and all sorts of other things that need investment and they don't want to risk anything that would stop up. the synergy is obvious between these companies in terms of what the produce of the ca i’s terms of what the produce of the cars they produce. you would think it would make sense and an chilly but the companies to merge. especially given the lack of demand right now in the global car industry. absolutely, they are under pressure from all sides and the one thing they need to do is grow scale and work together. they have product plans that will be laid over 10—15 yea rs plans that will be laid over 10—15 years at least and anything that on banned those plans will be hugely damaging. but you the have personality of the company, the individual sites to the companies and they want to show their pre
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May 16, 2022
05/22
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RUSSIA24
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renault plus lada basically. this is lada of course for wine. russia is the second bypass point in europe and for them, uh, leaving russia is a big loss. this is a big pain. the news about the revival of muscovites is also interesting because not only the automobile brand moskvich will be revived, a new stage will begin and in the life of the no less famous moscow plant, the legendary azlk automobile plant named after lenin komsomol was founded back in the thirties , evacuated to sverdlovsk during the great patriotic war, which produced tanks, and after the war switched to the production of small cars, just those same muscovites for half a century produced more than 5 million of them. the name zlk appeared in the sixty-eighth year and lasted until the ninety-third, and in the nineties difficulties began. the onion workshop was bought by renault , which produced logans there. well, the brand moskvich ceased to exist after bankruptcy and the sale of assets in 2010, and now new life is less private. dmitry pronin, h
renault plus lada basically. this is lada of course for wine. russia is the second bypass point in europe and for them, uh, leaving russia is a big loss. this is a big pain. the news about the revival of muscovites is also interesting because not only the automobile brand moskvich will be revived, a new stage will begin and in the life of the no less famous moscow plant, the legendary azlk automobile plant named after lenin komsomol was founded back in the thirties , evacuated to sverdlovsk...
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Apr 12, 2011
04/11
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CNN
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he worked for renault nissan for six years before coming back to renault in 2005. since 2008 he has been renault's chief operating officer with everyone on the executive committee reporting to him. despite pelata's resignation, he'll remain ceo for the foreseeable future. he's spared the chop for now, anyway, pauline. >> patrick pelata appears to be the main fall guy in all of this. but what about this man, carlos ghosn? some reports suggest his ties with nissan are so strong that he's too valuable a player for renault to lose. as christian mallard said, renault's image could be tarnished and that could lead to a loss in sales. >> we could probably expect renault, having, as i said, an image that is tarnished after this big scandal might pay the price for it selling less cars in the world. in the world of an economy crisis, it's clear renault was not doing too bad until now. after the scandal, people have lost the trust in the company and and definitely we will see some price to be paid for that around the world, as you said, not only in france. we will see what th
he worked for renault nissan for six years before coming back to renault in 2005. since 2008 he has been renault's chief operating officer with everyone on the executive committee reporting to him. despite pelata's resignation, he'll remain ceo for the foreseeable future. he's spared the chop for now, anyway, pauline. >> patrick pelata appears to be the main fall guy in all of this. but what about this man, carlos ghosn? some reports suggest his ties with nissan are so strong that he's...
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Nov 19, 2018
11/18
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the fret -- related to renault. the french finance minister's --king up its boss saying the french government mantra the stability of governance. the french government likes to have a stay -- essay of what happens in large areas of french industry. these are the kinds of comments we should expect from the french government. talking about the stability of governance at renault, no share price reaction. vonnie: mitsubishi also looking at the situation and coming to some kind of decision which we will keep you updated on. apple on the decline again as well. according to the wall street journal, apple is coming production orders for the three iphone models in unveiled in september. a reporter for bloomberg news joins us now. another 3% decline. how much does the market put store in these stories? we do not know what the numbers are going to be. maybe the numbers will not be a strong as we thought they would be. >> you can see it in the price reaction. apple has been lower for seven weeks. that is longest decline for app
the fret -- related to renault. the french finance minister's --king up its boss saying the french government mantra the stability of governance. the french government likes to have a stay -- essay of what happens in large areas of french industry. these are the kinds of comments we should expect from the french government. talking about the stability of governance at renault, no share price reaction. vonnie: mitsubishi also looking at the situation and coming to some kind of decision which we...
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Jan 8, 2020
01/20
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the second point, i am not talking about renault because today the topic is not about renault. today the topic is about i left japan, explained why i left japan, and everything which happened to be in japan, which is linked to nissan. renault is not in the loop. that is why i am not intending to talk about that from the main topic. [speaking french] you are talking about your sister also being taken on. so what about morality in business? can you do business in the same way as five or 10 years ago? no, you can't. there is long suspicion as far as governments is concerned, and that is fine, but at the same time, there is certain agility that will be lost. but of course, there is a choice that companies accept. maybe it will go more slowly, but we will accept the rules. fine. but beforehand, you had to go quickly in order to seize opportunities. in order to go quickly, you had sorts at it.ber of once rules have been established, you have got to follow them. but in business today, relation to a five or 10 years ago, is very different. mr. ghosn: yes. oui. >> [indiscernible] do you
the second point, i am not talking about renault because today the topic is not about renault. today the topic is about i left japan, explained why i left japan, and everything which happened to be in japan, which is linked to nissan. renault is not in the loop. that is why i am not intending to talk about that from the main topic. [speaking french] you are talking about your sister also being taken on. so what about morality in business? can you do business in the same way as five or 10 years...
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Jan 21, 2019
01/19
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the issue is that the current set up between nissan and renault is odd. renaud owns 43% of nissan's voting shares and yet the two companies are described as an alliance or a partnership. renault does not control nissan even though the capital structure is exactly that. that has held together for 20 years at by carlos ghosn. and now that he is in custody the companies know they will have to come up with am sort of more formal structure to keep the alliance together. the question is what will that be? you will know that nissan and renault have very different views of what that structure should be. thank you very much. facebook says it will work with the german government to help tackle fake news in the run up to elections for the european parliament later this year. the social media network's head of operations sheryl sandberg told a technology conference that it would also spend $7.5 million on research into the ethics of artificial intelligence. the company has been under worldwide pressure over fake content and the privacy of users' data. the troubled uk
the issue is that the current set up between nissan and renault is odd. renaud owns 43% of nissan's voting shares and yet the two companies are described as an alliance or a partnership. renault does not control nissan even though the capital structure is exactly that. that has held together for 20 years at by carlos ghosn. and now that he is in custody the companies know they will have to come up with am sort of more formal structure to keep the alliance together. the question is what will...